STORAGE TERMINALS 09
PLACE YOUR BETS EXPANSIONS • NEW TANKS, NEW PRODUCTS AND NEW TRADE FLOWS ARE MAJOR FEATURES IN THIS YEAR’S ANNUAL REVIEW OF STORAGE TERMINAL EXPANSION AND IMPROVEMENT WORK UPSTREAM OIL AND gas activity continues unabated as the world remains thirsty for product but bulk liquids storage terminal operators around the world are looking further ahead, readying themselves for the inevitable shift in the product mix as the energy transition away from carbon-based fuels begins to take effect. All around the world, established operators, for whom the old hydrocarbon market has been a rich source of business for many decades, are investigating what infrastructure will
within their terminals themselves, but also in the broader value chains, which may include renewable production facilities in far-flung parts of the globe, solar and wind power generation, carbon capture and storage or utilisation, and the waste-to-X sector. Meanwhile, of course, they have to continue to trim their terminal assets to meet the immediate needs of their customers, especially at a time when supply chains are in flux and there is some degree of a shift in the carriage of product away from tanks towards
be needed to manage future flows of alternative fuels. Those operators with the financial heft to back several runners in this decarbonisation race are investing heavily not just in the physical assets needed to handle products such as hydrogen, ammonia and methanol in
bulk shipments by tanker. Our annual review of developments is just as long as ever and contains some intriguing projects. NORTH AMERICA Gibson Energy, Canada Gibson Energy is to expand capacity at its
Edmonton terminal with construction of another 435,000-bbl (70,000 m3) crude oil tank, underpinned by a long-term, take-orpay contract with a new investment-grade customer. “We continue to see the need for additional tankage in Edmonton ahead of the Trans Mountain Pipeline Expansion entering service and remain in discussions with other shippers regarding further opportunities,” says president/CEO Steve Spaulding. The tank is due in service in early 2023. Kinder Morgan, California Kinder Morgan plans to establish a renewable diesel hub in southern California, based on its existing Carson terminal in Los Angeles, where it will create renewable storage capacity with connectivity to its own truck rack and to the SFPP pipeline system to supply its Colton and Mission Valley terminals. Investment at Colton will enable customers to blend renewable diesel with biodiesel, while at Mission Valley it will involve upgrades to truck loading racks. Along with a similar project previously announced for northern California, this will involve investment of more than $50m. Both projects are expected to be placed in service in the first quarter of 2023. “As refineries are converting to renewable
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